PowerCut In Nigeria & South Africa; How Businesses Are Affected

▶️ Watch on 3Speak


The incessant decrease in power supply over a long period has become a recurrent issue in so many African countries and this has become a threat to the survival of small and big businesses on a massive scale. PowerCut creates a ripple effect across many other sectors, but in this video, we (@joetunex and @josediccus) chose to talk about how it majorly affects businesses in South Africa and Nigeria respectively.

We analyzed the resources at the deposal of these two countries and talked about the possibility of having constant power without undergoing the process of load shedding, this is the reduced redistribution of power on a smaller scale to serve a larger amount of users over a specific time.

We went on to talk about smaller businesses as the biggest losers as bigger businesses can run their business using other power alternatives as they can easily attain economies of scale, and as they seek other options to run their businesses.

We analyzed the difference in Powercut as if differently affects the two countries, we then went on to talk about the potential impact on foreign investors and how they might seek out other countries with stable electricity to do business with.


▶️ 3Speak



0
0
0.000
16 comments
avatar

Guys these power outages are influencing the economy on so many levels. We can't buy in certain shops if power goes out. I can't teach during loadshedding. Generators are expensive and we can't even use that... I think this was n great topic to discuss.

0
0
0.000
avatar

The other day I couldn't swipe at the till point in PnP during load shedding, transaction was declined fortunate had some cash in my wallet for payment. So, I can relate, even the smallest of things is being affected by load shedding and it is just getting worse.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Congratulations @jj-finance! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 200 upvotes.
Your next target is to reach 300 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Month Challenge 2022-09 - Winners List
Be ready for the 10th edition of the Hive Power Up Month!
Hive Power Up Day - October 1st 2022
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
avatar

You cannot run a business effectively without interruption of electricity.

0
0
0.000
avatar

This is absolutely true but then, it has to be minimal to some extent, having constant interruption might disrupt so many working system that's already set in place and that's why we talked about it..

0
0
0.000
avatar

One is bound to incur losses when profits start going towards trying to keep the electricity on for business.

Posted Using LeoFinance Beta

0
0
0.000
avatar

A good example is to try running a mining Bitcoin farm in Nigeria.

0
0
0.000
avatar

Crypto is currently being outlawed in Nigeria... It's a huge shame

0
0
0.000
avatar

It is a shame, but people keep going, making peer-to-peer transactions.

0
0
0.000
avatar

Unless the Bitcoin mining farm is powered through solar energy in Nigeria or even South Africa there are bound to be losses.

I wonder if there is Bitcoin mining u=in Nigeria though?

Posted Using LeoFinance Beta

0
0
0.000
avatar

With renewable energy like solar panels, I believe is workable. I just learned that crypto is outlawed in Nigeria.

0
0
0.000
avatar

Last time I read in the news it is outlawed, interestingly the number of cryptocurrency users in Nigeria continues to rise.

Posted Using LeoFinance Beta

0
0
0.000